The capital raising looks like happening at around 25 cents per share. Therefore the dilution effect of new shares should be a non issue at a 20 cent share price.
Still a good short to medium term buy, and still a takeover target. Got some at 19 cents after the fall.
My opinions only.
mgx rumoured takeover, page-7
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Last
32.5¢ |
Change
-0.010(2.99%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.3¢ | 32.5¢ | $387.2K | 1.182M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 90129 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 34887 | 3 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |